NEL Lines faces even tougher survival battle after route suspension No immediate takers for subsidised island services
Philippines official vows nation will raise its shipping game Country can become 'go to location' despite fears over training standards and ferry safety
DHT's larger VLCC fleet enters brave new world Freight market is slow now, but developments lie ahead
DHT stock pushes higher on news of acquisition Company announces $300m fundraiser to purchase Samco VLCCs
Distrust remains high in ballast water systems and rule enforcement Lloyd's List survey lifts lid on industry sentiment on controversial environmental legislation
Danieli to continue as Zim chief executive and president News follows announcement of Aharon Fogel's appointment as president
Ocean Three partners will have larger ships than their G6 and CKYH rivals CMA CGM, UASC and China Shipping are 'not a group of rejects', says SeaIntel
MSC may overtake Maersk as largest containership player, say analysts Three 19,000 teu newbuildings could push Geneva-based firm ahead of its 2M ally
IMO green rules 'avalanche' holding back recovery, ICS charges Some regulations not fit for purpose, according to Bennett
Japan deals blow to LNG shipping with shift towards reactor restarts Nuclear shadow looms over gas carriers
Wall Street welcomes Troim as 'free man' at Golar LNG helm Internal shake-up seen as better alignment of strengths
Sekimizu: Mediterranean migrants present a new challenge for the IMO New focus on safety of domestic ferries and boxships, secretary-general tells ICS summit
Fredriksen runs out of gas Shipping tycoon's interest in Golar LNG dries up as company changes tack
Data Hub: Trade Statistics - Americas Consumer confidence strengthens growth
Data Hub: World Fleet Update Winter is coming - and looks set to last
Don't take container overcapacity for granted, Schlotfeldt tells conference UPDATED: Several factors blunt the impact of added tonnage, says Hapag-Lloyd Asia chief
Container charter market is on course to improve by 2016 Better balance between supply and demand should boost boxships, says Preben Hansen
Up and down for Viking Line Viking Line revealed that its operating income has improved by €4M ($5.16M) to €12.5M during 1H 2014. Last year's 1H profit of €6.1M included the one-off capital gain sale of ferry Isabella of €11.9M. Although cargo volumes and revenue rose 9% by €1.7M to nearly
US bulk terminal gets $10M grant Bulk commodity trades on the US Gulf of Mexico received a $10M boost from the federal government to expand facilities at the Port of Lake Charles in southwest Louisiana. The funding, in the form of a grant from the US Department of Transportation's Transportation Investment Generating Economic
Damen's new Walk 2 Work vessel Damen Shipyards Group has completed the design of its new environmentally friendly Walk 2 Work vessel for the offshore support vessel market. They have decided to start building the vessel on speculation with the start of the basic and consequently detailed engineering. The new vessel will support
Green regs still shipping's greatest trial The challenges of environmental regulation dominated the first panel discussion at the ICS conference in London today. Institute of Chartered Shipbrokers (ICS) secretary Simon Bennett introduced the discussion outlining the key points of contention still being faced by industry: the "deep flaws"
New EU transport commissioner nominated Maros Sefcovic, has been nominated to take charge of the directorate general for Transport in the incoming European Commission proposed by commission president-elect Jean-Claude Juncker. If his appointment by Juncker is confirmed, Sefcovic, a 48-year-old Slovak will succeed outgoing transport
First Siwertell unloader for Myanmar Cargotec subsidiary Siwertell has won a contract from CITIC Heavy Industries for a ST-640 M rail-travelling ship unloader for a new cement production plant in Mawlamyine, Myanmar. One of China's largest conglomerates, CITIC has a joint venture with Thailand-based Siam Cement Group subsidiary
Class NK expands R&D activities in Europe Class NK announced the expansion of its maritime R&D activities in Europe, at a press conference delivered at SMM this morning to ensure bulk carrier safety. By partnering with Europe's top research institutes such as Germany's Hamburgische Schiffbau-Versuchsanstalt (HSVA), Hamburg University of
SWS secures newcastlemax quartet Shanghai Waigaoqiao Shipbuilding (SWS) has secured two orders for a total of four newcastlemax bulkers with one from Singapore-based China Enterprise Shipping, a subsidiary of Chinese Maritime Transport of Taiwan and three from an unknown owner. The one 208,000dwt vessel is planned for delivery in
2015 sulphur deadline prompts oil announcement at SMM Manufacturers of marine cylinder lubricants are preparing for the introduction of the 0.10% sulphur emission levels by introducing new products designed for operation on distillates after 1 January 2015. Shell Marine Lubricants released Alexia S3 for protection when using distillates. The marine
IMO pledges action on ferry safety The IMO will be taking action on domestic ferry safety, secretary general Koji Sekimizu announced at the ICS annual conference in London today. He said: "The time has come for the IMO to take action to improve the safety of the public. Domestic or international, the IMO can take action to strengthen
Seafarers are top of agenda at ICC Seafarer concerns are a priority at the annual meeting of the International Chamber of Commerce in London today. In his keynote speech IMO secretary general Koji Sekimizu said that the focus of the IMO is changing, from regulatory compliance to issues including: operational safety, security, counter
Ningbo Marine to order three Handymaxes Shanghai-listed Ningbo Marine, a Chinese bulk carrier operator, plans to add three 50,000dwt bulk carriers to its fleet at aggregate costs of CNY510M ($83M). The newbuildings will be deployed to transport coal on coastal routes in Chinese waters, a stock filing of the company said today. The company
Danelec adds value to VDR at SMM Danish equipment manufacturer Danelec has revealed an enhancement to its voyage data recorder (VDR) DM100 at the SMM Hamburg industry event. VDRConnect enables selective download of VDR data from ship to shore by remote access via satellite. This helps ship managers ashore to look beyond the primary
New anti-fouling system unveiled A real-time system to monitor and reduce biofouling has been developed by Newcastle University (UK) and Newcastle University International Singapore (NUIS). The new system is called the Macfouling system and uses a combination of ultrasonic and vision technology. Biofouling - the accumulation of
DSIC acquires Dalian Daeyang Shipyard Dalian Shipbuilding Industry (DSIC), a subsidiary of China Shipbuilding Industry Corporation (CSIC), confirmed yesterday that it has acquired Dalian Daeyang Shipyard, a subsidiary of South Korea's Daeyang Shipping. Dalian Daeyang Shipyard will be used to build LNG carriers and military ships. All
China's imports drop in August China's imports unexpectedly dropped 2.4% year on year to $158.63Bn in August, while exports increased by 9.4% y/y, according to data released by the General Administration of Customs (GAC) on Monday. A 3% y/y growth in imports was projected previously. The drop in August followed a 1.6% decline in
Container vessel runs aground in Saipan Harbor A container ship ran aground in Saipan Harbor after making its way into the port channel. The 17,229 dwt Paul Russ is owned by Ernest Russ GmbH & Co KG and came from Guam before running aground around 06.30 hours local time on 8 September. "No observations of an oil spill so far. The vessel is still
Ezion establishes new subsidiary in Malaysia Singapore-listed offshore services provider, Ezion Holdings, has established a wholly owned subsidiary in Malaysia, Teras Offshore (Malaysia). The total issued and paid-up capital of Teras Offshore (Malaysia) is MYR100 ($31). The firm will primarily engage in shipping agent activities and provision
Plan to build Pak Bara port pending approval The proposed Pak Bara deepsea port on Thailand's Andaman coast is still waiting government approval and studies, a senior government official has said. "What we are planning to do is a Strategic Environmental Assessment (SEA)," said Chula Sukmanop, director general of the Office of Transport and
Heavy ice on NSR may cool investors No transits through the Northern Sea Route (NSR) have been completed so far this year, which could bring the route's long-term viability into question, experts have told IHS Maritime. NSR Administration has given permission for 577 transits, but vessels navigating the NSR water area total only 99,
Sailors' Society flags up its big day On World Maritime Day, the Sailors' Society is calling for shipping industry professionals to don the colours of their ensign flags to show support for sailors' welfare. The charity is looking for GBP3 ($5) donations for everyone taking part in the event on 25 September. "It's like a 'dress-down
Hamburg port police chief: Security needs to be addressed The chief of Hamburg port police says security at European ports needs a boost and is calling for greater cooperation among northern European port authorities. In an address at Hamburg's annual SSM conference, Hamburg marine police chief Frank-Martin Heise said that port security often lacks the attention it deserves and referred...
China imports drop amid 'mild' domestic slowdown China reported a record-high trade surplus in August, as imports unexpectedly fell while exports were surprisingly buoyant, fueling speculation about whether China should do more to stimulate domestic demand in the world's second-biggest economy, according to Reuters. Chinese imports from the U.S. are likely to decline this year before improving next...
APL raises India port congestion surcharges APL has announced a steep increase in its congestion surcharges imposed earlier on import containers handled at the Indian ports of Jawaharlal Nehru (Nhava Sheva) and Pipavav, indicating that yard congestion problems are still continuing at India's leading container gateways. Effective immediately, the Singaporean carrier's new surcharges for cargo discharged at...
Cargo theft about to enter busiest season, FreightWatch says Cargo theft is about to enter its busiest season, and motor carriers, in particular, are advised to be on guard. According to FreightWatch International, theft activity in the U.S. in 2013 was concentrated in the fourth quarter with a total of 242 incidents. The greatest number of incidents occurred in late...
Port of Seattle gets $20 million to boost terminal productivity The Port of Seattle's Terminal 46 will soon be able to serve two super post-Panamax vessels at once, boosting terminal productivity, thanks partly to $20 million in federal funding. The federal grant, announced by Sen. Patty Murray, D-Wash., yesterday, will help pay for the extension of the rail line the port's...
Rise in intermodal rates backed by peak-season volumes A jump in intermodal spot rates could mean peak season is kicking in for intermodal shippers. Spot rates on an index of 36 major U.S. intermodal lanes was up for the third straight week, as the price for all-in, 53-foot containers door-to-door rose to $2,145. Full-size chart Spot rates on an index of...
Crowley unit receives second LNG export license Crowley Maritime's subsidiary Carib Energy LLC has been granted a 20-year, small-scale U.S. Department of Energy license to export liquefied natural gas to Caribbean and Latin American countries not covered by U.S. free trade agreements. The license permits Crowley to export 14.6 billion cubic feet of LNG a day, roughly the...
Rising U.S. industrial production builds LTL tonnage, revenue A fundamental improvement in the industrial U.S. economy is driving more freight to the largest less-than-truckload carriers ahead of trucking's fall peak shipping season. "While tight truckload capacity and poor rail service are undoubtedly helping (LTL carriers), we believe absolute demand has improved," said transportation analyst Thomas S. Albrecht. That improvement will...
Drewry: Trans-Pacific spot rates fall after GRI gains fade After gaining ground thanks to general rate increases in the first week of September, the Drewry benchmark rate from Hong Kong to Los Angeles dropped $100 per container this week. Drewry's benchmark spot rate from Hong Kong to Los Angeles jumped 4.2 percent, or $100 per FEU this week. Full-size chart The spot...
ECT in Rotterdam says congestion problems are resolved The ECT Delta terminal at Rotterdam says that congestion problems that has led to diversion of a weekly G6 service to Antwerp since August have been resolved, but one carrier that uses the terminal isn't willing to go that far. The issues at the ECT Delta Terminal were "due to a...
Supply Chain Visibility and Segmentation: Control Tower Approach Visibility is a prerequisite to supply chain agility and responsiveness - in fact, new research from the Aberdeen Group found that 85% of companies plan to increase their current level of end-to-end supply chain visibility. The Aberdeen Group's brand new report, Supply Chain Visibility and Segmentation: Control Tower Approach, identifies the best practices used by top...
Bonney to receive CII award for 30 years of maritime journalism Joseph Bonney, senior editor at JOC Group, will be presented with a Lifetime Achievement Award by the Containerization and Intermodal Institute in recognition of 30 years of journalism excellence in covering the maritime industry for The Journal of Commerce and other media. Joe has held a variety of editorial positions at...
Container lines look to LNG to fuel big ships Looming global requirements for low-sulfur fuel are prodding ocean carriers to consider liquefied natural gas to power container ships on long-haul international routes as well as regional feeder services. Hanjin Shipping is joining Norwegian classification society DNV GL and French LNG technology specialist GTT in a study to develop a concept...
Consolidation - the inevitable result of ever-larger ships, analyst predicts Container lines in coming years will continue to order larger ships and switch membership in vessel-sharing alliances in a desperate game of survival that will inevitably lead to further consolidation, industry analyst Lars Jensen said Tuesday. The 2M alliance will employ the largest vessels on average of the four main east-west...
Lufthansa Cargo traffic dips Lufthansa Cargo saw traffic dip 1.1 percent in August from a year ago as an increasingly weak European market offset growth on reviving Asia-Pacific and North and South America routes. The German carrier, regarded as the bellwether of the European air cargo industry, transported 135,000 metric tons of freight in August,...
Globus loss deepens Globus Maritime delivered a slightly larger second-quarter loss but the company struck a positive tone for the remainder of the year.
DHT aims for $300m DHT Holdings has brought its fundraising efforts to $300m to help pay for its takeover of Singapore's Samco Shipholding.
Rickmers levies ECA charge Rickmers-Linie has announced that it will pass on some of the cost of tightening emissions regulations to customers.
Underwriters strike Underwriters have exercised all options to buy an additional slice of John Fredriksen's stake in Golar LNG.
Trio to study LNG boxship Hanjin Heavy Industries (HHI), GTT and DNV GL have teamed up to study a potential LNG-fuelled large containership design.
Brussels new maritime boss Maltese politician Karmenu Vella has been appointed as the new commissioner of maritime division.
Perth on the market Scotland's Perth Harbour has turned to a UK consultant in order to help in finding a new investor.
Stena's savings spur Swedish group Stena's focus on fuel savings is being given a boost by systems monitoring technology on board its ships.
DHT aims for $300m DHT Holdings has unveiled $300m in fundraising efforts to help pay for its takeover of Singapore's Samco Shipholding.
DHT takes the lead DHT Holdings boasts comfortably the most valuable VLCC fleet on Wall Street after its takeover of Samco Shipholding.
Guards here to stay Private security personnel are "here to stay" in the fight against increasing levels of crime at sea, according to industry representative Peter Cook.
A plea for ports Hamburg marine police chief Frank-Martin Heise has urged governments to place a greater emphasis on port security to prevent terrorist atrocities.
ClassNK targets top spot ClassNK chairman Norboru Ueda is targeting a return to the top as shipping's largest ship classification society after it was knocked off its perch by the merger of Det Norske Veritas (DNV) and Germanischer Lloyd (GL).
Rem in bond run Rem Offshore is preparing a return to the Norwegian bond market.
Sembcorp snaps up SPP Sembcorp Marine has made a $21m play for Houston-based design specialist SSP Offshore.
Royal increases dividend New York-listed Royal Carribean Cruises has declared a $0.05 increase in the quarterly cash dividend to $0.30 per share.
Lesser of two evils Svein Moxnes Harfjeld and Trygve Munthe were cast in the role of the ancient Greek King Odysseus when making the final call on the near $600m takeover of the Samco fleet, Pareto Securities says.
Chemical tanker held Singapore's admiralty sheriff has arrested a Vietnamese-owned chemical tanker latest court documents show.
Clipper offloads trio Clipper Group is reported to have offloaded three modern multi-purpose vessels to an Algerian buyer.
American, post-US Airways merger, shifts to single air waybill Oct. 20 Jim W. Butler, cargo president, said "all American and US Airways booking channels will still be available," including the customer service centers and website, aacargo.com. The new booking designation with American after Oct. 20 will be "001."
Coal shipments sink on Great Lakes for August Coal shipped on the Great Lakes reached 2.6 million tons for the month, an 18 percent drop compared to a year ago, according to the Lake Carriers' Association. Loadings also trailed the month's long-term average by nearly 19 percent.
Lumber distributor to use Descartes for mobile planning
East Coast ports snare new TIGER grants DOT is expected to announce this week which local governments and other organizations will split $600 million in the sixth round of TIGER grants, but members of Congress who got pre-notified on Tuesday began publicizing awards in their states.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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